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Author
Dobija Mieczysław (Cracow University of Economics, Poland)
Title
Monetary Causes of the Instability of Financial Systems
Source
Argumenta Oeconomica Cracoviensia, 2010, no 6, s. 33-50, rys., tab., bibliogr. 19 poz.
Keyword
Konwersja, Sektor publiczny, Banki centralne, System finansowy, Produktywność pracy
Conversion, Public sector, Central banks, Financial system, Labour productivity
Abstract
This study stresses that economics scarcely implements such fundamental laws as the first and the second law of thermodynamics, yet without these fundamental laws nothing can be correctly understood or carried out. What is worse, the activities of central banks often run contrary to the first law, creating money for commercial banks' use, which is an abnormal situation and an experiment in creating energy from nothing. It cannot work positively. (fragment of text)
Accessibility
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Bibliography
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ISSN
1642-168X
Language
eng
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